kdakota630 (30.28)

Peter Schiff - Back in the U.S.S.A.

15

Harry Browne, the former Libertarian Party candidate for president, used to say: “the government is great at breaking your leg, handing you a crutch, and saying ‘You see, without me you couldn’t walk.’” That maxim is clearly illustrated by the financial industry regulatory reforms proposed this week by the Obama Administration.

Such was also the case with Freddie and Fannie,... The new round of regulations ignores them completely. Along those lines, ratings agencies such as Standard and Poor’s and Moody’s that completely missed the mark were also spared.

Yep, these two groups were completely innocent in the demise of our financial system. Nothing to see here, nothing to see, simply move along...

Thanks! I thought it was one of his better ones as well. There's another good read if you want to check out the one I posted a little previous to this at my KDakotaFund account, plus the video blog I posted just before this touches on some of the stuff he writes about.